CBRE named FORTUNE 500 / Anaheim apartments trade

CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fourth straight year. CB Richard Ellis is the only commercial real estate services firm ever to be included in the FORTUNE 500.

The 286-unit Mariposa Apartments, located in Anaheim, CA. was sold for $43 million, at a 4.8% cap rate on in-place income.
The Seller was Kennedy Wilson of Beverly Hills, CA, and the Buyer was Cadigan Mariposa, LLC of Tustin, CA. Ten-year, fixed-rate financing was provided by Deutsche Bank. The off-market transaction was negotiated by Robin D. Ossenbeck, Partner, of Hendricks & Partners, and Shane Shafer of Hendricks & Partners on behalf of the Seller.

Share this:

Like this:

Subscribe to Newsletter via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Email Address

RNR

Texas-based RealtyNewsReport.com covers regional and national news of significant trends and transactions in commercial and residential real estate. The publication was founded by Ralph Bivins, an award-winning journalist with extensive experience in print, broadcast and online media. Bivins recently received a number of awards in the 66th Annual National Association of Real Estate Editors Journalism Competition.